Fastrack expects Rs 1,000 cr revenues

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Titan's fashion brand, Fastrack, expects its turnover for the current fiscal to be around Rs 1,000 crore as against Rs 800 crore in the previous fiscal. The brand plans to add 70 newly-designed stores to its existing 157 stores.

"We generally spend around five per cent of the turnover on advertisements and brand building," said Hemal Panchamia, marketing head of Fastrack watches, said the company generally spent around five per cent of its turnover on advertisements and brand building.

Panchamia added the brand was looking at entering into new categories and would add a new category in the next two years. He was speaking after launching a new-look store in Chennai.